As wave iv was a triangle (terminal move) and we have clearly five waves to the upside reaching a fair target for wave v, I am confident that a correction or a complete reversal is due at this point. A full retrace of wave v is likely. A break under 1650 confirms a complete reversal for some time. I cant yet say it is a complete reversal with confidence because what came before this impulse is not entirely clear, it could be the case that we just completed wave iii but I doubt it.
Bumping this post ^^
I personally would think a slow and steady growth like we've had the past few weeks would be very bullish?
Is that a statement or a question?
A question i guess
Ive seen large trends kick off both violently and steadily. We are not looking for one or the other, we are looking for form. I think it is more important that we have large base than steady growth.
We made it through the winter without seeing a FRONT attack. Nice attempt at fear-mongering, I'll need to learn more about that one.
LOL I forgot about that one. thanks for reminding us, good laugh
